Re: Increase in PP to 13.38 MM $
in response to
by
posted on
Jul 11, 2016 10:19AM
Yes, well dilution with a known discovery........is not to hard to take.
Well more than likley the 1.50 paperwork was 99% complete and someone said....wait...we need a deal....so the weighted average needs to be closer to market or were not signing.
Rule # 1 ensure all I's are dotted and "T"'s are crossed.
Rule # 2 never issue below market
So they quickly agreed to issue 0.95 ...and sink the general person.
So ...........if they had issued at a 1.10 i wolud have been more comfortable. When they issue to market below market the optics are crappy...my weighted average is low...plus i am riding a chunk.
Or...........I prefer to think....
Unless......................they have some drill results from Detour that require aggressive drilling to suss out the full body !
Pick your poison................. believe!!
mine is 28 years younger than me 5'2" blond green eyes...smokin hot.
No worries I have time.
Take the time....
Share your time....
If this gets down to 0.60 or lower.
You bring the shovel.
I'll bring the lime.
CT